Employee Benefits

Distribution

AIA Platinum Legacy (VII)

Platinum

Period

Whole Life

Issue Age

18 - 75 years old

Currency

US$

You can buy this via

AIA APPOINTED representative

WHAT THIS PRODUCT IS ABOUT

What you’ve achieved in life is already remarkable. Your success and your accomplishments are testament to that. But it’s important to ensure that your wealth is protected so you can leave a legacy and build a bright future for your loved ones. AIA Platinum Legacy (VII) is a universal life plan uniquely designed to enhance your wealth while providing protection for your financial assets, and ensuring that they are distributed equitably according to your wishes.

Talk To Us

what does it provide?

A HIGH LIFETIME COVERAGE

A HIGH LIFETIME COVERAGE

Ensuring your finances are protected by a comprehensive insurance policy will create peace of mind for you and your family. With AIA Platinum Legacy (VII), you will enjoy a high life coverage protecting against the impact of a terminal illness or death so your loved ones will be well taken care of.

ENHANCE YOUR FINANCIAL LEGACY

ENHANCE YOUR FINANCIAL LEGACY

You can enhance your wealth with an attractive interest crediting rate on your initial premium that is guaranteed for the first 3 years. What is more, the minimum interest crediting rate is guaranteed at 1.5% per annum as long as you own the policy. This way, you can more accurately predict the increase in the value of your policy year on year.

A SOLUTION TO ENHANCE YOUR WEALTH FOR THE FUTURE

A SOLUTION TO ENHANCE YOUR WEALTH FOR THE FUTURE

Protecting your life’s achievement is imperative. AIA Platinum Legacy (VII) can be an integral part of your portfolio to complement your other assets such as equities, properties or even family business that are easily affected by volatile market conditions. This helps to reduce your overall portfolio risk and provides the added stability needed for an enduring legacy.

WEALTH DISTRIBUTION ACCORDING TO YOUR WISHES

WEALTH DISTRIBUTION ACCORDING TO YOUR WISHES

It comes as a great comfort to know that you will secure harmony and happiness of your family when your legacy is equitably distributed according to your wishes.

AN EDGE WITH GREATER FLEXIBILITY

AN EDGE WITH GREATER FLEXIBILITY

AIA Platinum Legacy (VII) offers flexibility to adjust your plan according to your needs. You can pay your premium in a lump sum or at regular intervals over time. There is also the option to invest more money in order to enjoy the crediting rate offered.

Should you wish to have access to liquidity, the plan allows you to make partial withdrawals and take out a loan. You may also raise or lower your coverage amount according to your needs.

insurance lingo explained

What do we mean by universal life plan?

It is a flexible whole life insurance plan that offers life protection and growth in cash value that depends on interest crediting rate. The cash value of the plan can be taken on loan or withdrawn. Such plans offer flexibility in the amount, method and frequency of premium payments.

THE FINE PRINT

the terms and conditions at a glance

You have the option to pay more premium to achieve your desired accumulation value by your specified date, subject to our approval.

There is a partial withdrawal charge during the first 15 years of your policy and from the date you increase your coverage amount. We offer a free partial withdrawal from the 11th year of your policy, if your partial withdrawal amount doesn’t exceed 4.5% of the accumulation value at the start of the policy year that the partial withdrawal is made.

Policy loan is subject to our approval and the prevailing loan interest rate.

Decrease in coverage amount may incur partial withdrawal charges and the minimum coverage amount must be at least US$500,000. Increase in coverage amount will need proof of insurability and our approval. Any increase or decrease in coverage amount is only available after the 1st year of your policy.

DETAILED TERMS AND CONDITIONS

EXCLUSIONS

Things that you won't be able to claim from this policy

There are certain conditions such as pre-existing conditions and suicide within 1 year from the policy issue date or reactivated date (whichever is later), for which no benefits will be payable. Please refer to the policy contract for the full list of exclusions.

CHARGES

Premium Charge: The initial premium charge rate is 8%. Subsequent premiums will be charged a prevailing rate not exceeding 8%.

Administration Charge: Deducted monthly for 7 years. Refer to the policy contract for the rates.

Insurance Risk Charge: Deducted monthly for the life of the policy. The rate is guaranteed for the first 5 policy years. Refer to the policy contract for the rates.

Partial Withdrawal/ Surrender Charge: Applicable to partial withdrawals/surrender made in the first 15 years of your policy and from the date you increase your coverage amount.

IMPORTANT NOTES

All insurance applications are subject to AIA’s underwriting and acceptance. This is not a contract of insurance. The precise terms and conditions of this plan, including exclusions whereby the benefits under your policy may not be paid out, are specified in the policy contract. You are advised to read the policy contract.

Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. You should consider carefully before terminating the policy or switching to a new one as there may be disadvantages in doing so. The new policy may cost more or have fewer benefits at the same cost.